Busn278
Submitted by: Submitted by Casoe
Views: 298
Words: 507
Pages: 3
Category: Business and Industry
Date Submitted: 11/03/2013 07:36 PM
Question 1. (TCO 1) Budgets are prepared for: (Points : 4) |
an organization
a department
a product
All of the above
|
Question 2. (TCO 2) Using the table “Paint Sales Time Series”, calculate the forecast for paint sales (in thousands) for Week 11 using a three day moving average.
Paint Sales Time Series |
Week | Sales (000’s of gallons) |
1 | 6 |
2 | 8 |
3 | 10 |
4 | 9 |
5 | 11 |
6 | 12 |
7 | 10 |
8 | 8 |
9 | 7 |
10 | 9 |
(Points : 4) |
8
9
10
11
|
Question 3. (TCO 2) Using the table “Paint Sales Time Series”, calculate the mean absolute deviation for a three day moving average.
Paint Sales Time Series |
Week | Sales (000’s of gallons) |
1 | 6 |
2 | 8 |
3 | 10 |
4 | 9 |
5 | 11 |
6 | 12 |
7 | 10 |
8 | 8 |
9 | 7 |
10 | 9 |
(Points : 4) |
2.67
1.76
2.54
3.67
|
Question 4. (TCO 2) Using the table “Gasoline Sales Time Series”, calculate the forecast for gasoline sales (in thousands) for Week 13 using a three day weighted moving average. Use a weight of .60 for the most recent observation, .30 for the second most recent, and .10 for the third most recent.
Gasoline Sales Time Series |
Week | Sales (000’s of gallons) |
1 | 17 |
2 | 21 |
3 | 19 |
4 | 23 |
5 | 18 |
6 | 16 |
7 | 20 |
8 | 18 |
9 | 22 |
10 | 20 |
11 | 15 |
12 | 22 |
(Points : 4) |
18.40
18.60
19.40
19.70
|
Question 5. (TCO 2) Using the table “Paint Sales Time Series”, calculate the forecast for paint sales (in thousands) for Week 11 using exponential smoothing and a smoothing constant of .20.
Paint Sales Time Series |
Week | Sales (000’s of gallons) |
1 | 6 |
2 | 8 |
3 | 10 |
4 | 9 |
5 | 11 |
6 | 12 |
7 | 10 |
8 | 8 |
9 | 7 |
10 | 9 |
(Points : 4) |
6.40
7.97
8.64
9.17
|
The continuous budget approach provides...
